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Technology Stocks : AMERica on-Line, Another over valued company?
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To: Scott Maxwell who wrote (4)2/28/1996 5:04:00 PM
From: olduser   of 222
 
AMER - get out or lose your shirt. America online is another overvalued access provider. How can they compete with the low cost ($20/month for unlimited access) providers? Will they cut costs - - What will happen to the stock then? As for their databases - they cannot compete with thje net. In the end AOL will be just another access provider. Essentially, that is what it is. With a high P/E, and a chart pattern that has swung, my advice is to sell. The chart on AOL will look like NETCOM in a few months. I think it will settle around $25. After all, HR Block's stock is down (they own compuserve) and Sears just announced that they are trying to sell prodigy. These moves should show you that high P/E internet stocks such as AOL are on their way down the tubes. SELL SELL SELL. John Murphy, CNBC analyst, recently stated that the stock will hit $42, then, break down to $34. Last year was the year of internet fantasy. This year, it is internet reality, and the stocks will go down. Target: $32 by June.
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